518 Lake Ave, Elyria, OH 44035
OFF MARKET

$110,000

Last sold price
  • 7 Beds
  • 3 Baths
  • 2,568 sqft

518 Lake Ave, Elyria, OH 44035

Currently Off Market - Sold Jan 31, 2022 for $110,000

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
110 Bell Ave, Elyria, OH
0.72
Multi-Family Home
$125,000
11/04/25
4
2
1,656
210-212 High St, Elyria, OH
0.55
Multi-Family Home
$185,000
10/06/25
4
2
1,840
317 West Ave, Elyria, OH
0.93
Multi-Family Home
$119,000
04/29/26
4
3
2,112
227 6th St, Elyria, OH
1.24
Multi-Family Home
$156,500
02/26/26
4
2
1,922
442 6th St, Elyria, OH
1.08
Multi-Family Home
$109,900
10/08/25
3
3
-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
108 Rush St, Elyria, OH 44035
0.02
$58,000
2
1
-
For Sale
Lake Ave, Elyria, OH 44035
0.04
$11,500
-
-
-
For Sale
239 Erie St, Elyria, OH 44035
0.06
$143,900
3
2
1,245
Off Market
340 Lowell St, Elyria, OH 44035
0.11
$210,000
5
1.5
1,915
Recently Sold
633 Lake Ave, Elyria, OH 44035
0.09
$157,800
3
2
2,164
Off Market
120 Lorain Blvd, Elyria, OH 44035
0.14
$131,000
2
1
-
Off Market
642 Lake Ave, Elyria, OH 44035
0.11
$127,100
3
1
1,264
Off Market
615 Dewey Ave, Elyria, OH 44035
0.12
$61,500
3
2
2,009
For Sale
518 Dewey Ave, Elyria, OH 44035
0.13
$117,700
2
1
1,120
Off Market
637 Dewey Ave, Elyria, OH 44035
0.12
$129,900
3
2
1,344
For Sale
603 Dewey Ave, Elyria, OH 44035
0.13
-
4
2
1,786
Off Market

Local Information

  • Map ViewExplore the area around 518 Lake Ave.
  • Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1906
Living Area
2,568 sqft
Parking
Garage

About this House

Three unit investment property. Two units are three bedroom and one full bath each and are currently rented. The third unit is above the detached garage and is 288 square feet and is a one bedroom one bath . The two rented units have long term tenants that would like to stay.
518 Lake Ave, Elyria, OH 44035 is a 7 bedroom, 3 bathroom, 2,568 sqft multi-family built in 1906. It last sold for $110,000 on Jan 31, 2022 (10% below the $122,500 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate rent is $995/month.
Last check for updates: about 7 hours ago
Listed by Marybeth Allen, (440) 223-1581
Russell Real Estate Services
Marie McCaskey, (440) 497-8747
Russell Real Estate Services
Bought with: James P Wise, (216) 661-6633, The Holton-Wise Property Group LLC
Originating MLS: Akron Cleveland Association of REALTORS
Source: MLS Now, MLS#4331039

Home Details for 518 Lake Ave

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: UnfinishedNumber of Rooms: 15
Beds & Baths
Number of Bedrooms: 7Number of Bathrooms: 3Number of Bathrooms (full): 3
Dimensions and Layout
Living Area: 2568 Square Feet
Appliances & Utilities
Appliances: Range, RefrigeratorLaundry: In UnitRefrigerator
Heating & Cooling
Heating: Forced Air,GasNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Forced Air

Exterior Features

Exterior Home Features
Roof: Asphalt Fiberglass
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageNo Attached GarageParking Spaces: 1Parking: Detached,Garage,Paved
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 2568 Square Feet

Days on Market

Cumulative Days on Market: 45

Property Information

Year Built
Year Built: 1906
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Triplex, Multi Family
Building
Construction Materials: Stucco, Wood SidingDoes Not Include Home Warranty
Property Information
Parcel Number: 0624085104008

Price & Status

Price
List Price: $122,500
Status Change & Dates
Off Market Date: Mon Dec 20 2021Possession Timing: Other

Location

Direction & Address
City: ElyriaCommunity: C A Bronsons
School Information
Elementary School District: Elyria CSD - 4706Jr High / Middle School District: Elyria CSD - 4706High School District: Elyria CSD - 4706

Building

Building Area
Building Area: 2568 Square Feet

HOA

Association for this Listing: Akron Cleveland Association of REALTORS

Lot Information

Lot Area: 5227.2 sqft

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 4331039Living Area Range Units: Square FeetAbove Grade Unfinished Area: 2568

Price and Tax history

DateEventPrice
Jan 31, 2022
Source: MLS Now #4331039
Sold
$110,000

Market trends in Elyria

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$203K
$9.33KMoM
Sale-to-List Price
100.0%
Price per sq ft
$139
$4MoM
Available listings
180
1MoM

Around this home

What Locals Say about Elyria

At least 386 Trulia users voted on each feature.

  • 88 % Say car is needed

  • 85 % Say parking is easy

  • 84 % Say there are sidewalks

  • 83 % Say yards are well-kept

  • 80 % Say it's dog friendly

  • 70 % Say kids play outside

  • 70 % Say there's holiday spirit

  • 58 % Say streets are well-lit

  • 52 % Say neighbors are friendly

  • 52 % Say people would walk alone at night

  • 49 % Say there's wildlife

  • 49 % Say it's quiet

  • 46 % Say they plan to stay for at least 5 years

  • 41 % Say it's walkable to restaurants

  • 40 % Say it's walkable to grocery stores

  • 21 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • W84nc4z4t2
    "That Elyria is a great neighborhood and they have great schools and I’ve lived here my whole life and I would definitely recommend living here "
    0
    Flag
  • Chrystal Williams
    "I lived in Elyria since I was a kid. They have a lot of good programs for schools for kids to excel and graduate early and also graduate with college under their belt from high school like any place I need the community to pour back into it, but it has amazing potential."
    0
    Flag
  • Suzanne Lester White
    "It is close to shopping and major routes and favorite shopping. There are many metro parks and recreational facilities close by "
    0
    Flag
  • Sarahg_5657
    "Nice area, close to the highway, many stores, restaurants, and fast food. Neighbors are friendly and approachable. Also easy access to the turnpike. "
    0
    Flag
  • Poegm13
    "There are lots of parks to choose from with great playgrounds. There are also sidewalks in most places. "
    3
    Flag
  • John Miller-Jackson
    "It’s home and it always will be been here for many many years and I love it it’s always been family oriented"
    0
    Flag
  • Jesus E. T. C.
    "very long. I drive to Cleveland every day and it is very long. its nice having the 90 and 80 so close though "
    11
    Flag
  • Ashlyrashel1993
    "it has a great school systems and next year they will have a brand new school. we have friendly neighbors. "
    0
    Flag
  • Ivery J.
    "i lived here my whole live and it is cool place and the apple feastble is fun too. Elyria Ohio us nice place to be."
    2
    Flag
  • Laura M.
    "I take route 90 into downtown Cleveland. I leave very early and don’t encounter much, if any traffic. "
    3
    Flag
  • Deejugasz
    "Crestwood Elementary is the BEST. My neighbors in the township are helpful and nice. Within the county there are many activities and events at no cost to families."
    2
    Flag
  • Samantha M.
    "We have an Apple fest here and it pretty cool.. lots of venders lots of people and lots of neat stuff to look at "
    3
    Flag
  • Charles S.
    "Very peaceful love the quiet morning and drama free environment. I would love to find a house out here "
    2
    Flag
  • Jill C.
    "A lot of ppl walk their dogs and are friendly. There are lots of local parks close with great trails. "
    6
    Flag
  • Marlon C.
    "my neighborhood is special because of the older and younger neighbors a great mix of both. I feel really safe and theres also a few parks around and I always see people walking there dogs"
    0
    Flag
  • Kylee
    "Make sure to keep your children safe, mostly not intimidating environment but gets more active at night."
    5
    Flag
  • Victoria J.
    "I don't know of any except people cook for July 4th and decorate for holidays. So far nothing else. "
    0
    Flag
  • Anonymous
    "It is a short walk to downtown Elyria. There are two elementary schools nearby and the middle school and high school are just down the road. There are a lot of businesses in this area."
    2
    Flag
  • Veedez
    "Schools are close by and shopping and pharmacy and gasoline stations. People are friendly and take care of their property. Streets well labeled and easy to get around to. Many fast food places are close by. "
    0
    Flag
  • anon
    "I really don’t like the area to be honest, it’s an averagely bad city with a lot of young people who don’t really have proper manners or care for their environment."
    5
    Flag
  • George H.
    "Fair, home gatherings and cookouts, county living, open skies, star watching, breathing room. Farms, horseback riding "
    0
    Flag
  • Suzanne W.
    "Plenty of parks to walk your pets. There are a lot of dogs in this area so having a fenced in yard is a plus! "
    0
    Flag
  • JudyP.
    "We've lived here for 32 years and seen children grow and leave so the neighborhood now is quiet. Everyone is very friendly and yes, people walk their dogs at night. The street is about 3 minutes to the community college and close to the highway to Cleveland, about 25 minutes away. We love our neighborhood so much we recently bought a ranch home up the street."
    0
    Flag
  • Dianakopp04
    "I love this neighborhood. Very friendly. You drive down the road and people you don’t know wave hello. "
    0
    Flag
  • Unspecified
    "There are no community events that I am aware of ever. Everyone pretty much keeps to themselves. I miss having neighbors that are also friends"
    0
    Flag
  • Bonchumom
    "I’m not sure. I don’t see a lot of dogs here. There are a lot of hiking trails nearby but dogs need to be on the leash. "
    0
    Flag
  • Frances R.
    "there's places to walk the dogs lots of open space but can't leave dogs run around unless on a leash "
    0
    Flag
  • Apenny04
    "Dog friendly neighborhood. people also jog throughout. It's nice and quiet. "
    2
    Flag
  • Reggielovejoy
    "parks restaurants I walki by distance a gym and bars and friends with shopping near by going to movies walking dogs "
    0
    Flag
  • Myanozzy
    "I love it being born and raised in Elyria haves been fun. But it’s time I expand my life and move on somewhere else. Close by but similar to home. "
    0
    Flag
  • Stephanie S.
    "great bike trails and country setting along with city amenities. we like it here on the outskirts of town by the airport. "
    0
    Flag
  • Danpaulssu
    "kids love to play outside and the neighbors are very friendly and trustworthy. its a very family friendly environment. "
    0
    Flag
  • Melodygerken
    "you always see neighbors with dogs outside some on leash and some aren't. people are respectful of others. "
    1
    Flag
  • Alex L.
    "it's close to my jobs very easy commute to and from places to get food and work places. "
    0
    Flag
  • Leah Y.
    "Well maintained community. Hard working neighbors. Neighbors are friendly but not nosey. Neighbors clean up after their pets. "
    0
    Flag
  • Kerstyneh
    "my family all lives here on the same block and I grew up here. its a nice quiet neighborhood. The only reason why I am leaving is because I've never been anywhere else and I want to start a new life with my new hubby."
    0
    Flag

LGBTQ Local Legal Protections

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2026 - Multiple Listing Service, Inc. – All Rights Reserved.

Frequently asked questions about 518 Lake Ave

  • What is the price history for 518 Lake Ave?
    518 Lake Ave in Elyria, OH last sold for $110,000 in January 2022.
  • Is Elyria a buyer's or seller's market?
    Elyria is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Elyria?
    The median sale price in Elyria is $203K. That is up $9.33K from the prior month.
  • What do residents say about Elyria?
    Residents describe Elyria, OH as easy to park in, pedestrian-friendly, and well-kept. See recently sold homes in Elyria, OH.
  • Does 518 Lake Ave have laundry facilities?
    Yes, 518 Lake Ave in Elyria, OH has laundry facilities.

Explore by feature - Pet Friendly

20 pet-friendly rentals in Elyria, OH

Explore by feature - Air Conditioning

22 rentals with air conditioning in Elyria, OH

Explore by feature - Washer/dryer

11 rentals with a washer/dryer in Elyria, OH

Explore by feature - Outdoor Space

Apartments for Rent

Skip to last item
Skip to first item

Off Market Homes Near 518 Lake Ave

Skip to last item
Skip to first item

Homes for sale near 518 Lake Ave

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item